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2020-09-29
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Taxing taxes taxationally
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Taxing taxes taxationally

"a collage of a man in a suit"

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Comments for: Taxing taxes taxationally
shakesba Report This Comment
Date: September 29, 2020 03:28PM

Clearly written by someone who doesn't understand the difference of a business owner/employer and a government employee. This whole taxes story shows how dumb working people are about our tax code.
shakesba Report This Comment
Date: September 29, 2020 03:34PM

Even worse is it shows that the school administrator and senator had an "adjusted gross income" of $872,797. Nice paychecks for Public employees!
The Observer Report This Comment
Date: September 30, 2020 01:18AM

Bernie embraces capitalism see here [nationalfile.com]
Old Towne Media LLC — the media buying company that purchased more than $82 million in TV ad time for Bernie Sanders’ Democratic presidential campaign
Run of course by his wife and daughter.
Mrkim Report This Comment
Date: September 30, 2020 03:27AM

What's similarly amazing is how the tax cuts President Trump signed into law which led to a direct increase in what every working American was able to bring home each week, bi-weekly, monthly or whatever. This of course meant there was less in taxes taken out every pay period.

The incredulousness comes in how once the year ended and individual and family tax returns were filed, peoples tax returns shrunk as well. Headlines rang out that tax return amounts under President Trump were less than before, claiming this was a sign of the failure of his tax cuts that would be fely in EVERY American home!

Of course the media manipulation of what was actually factual in all this was seldom questioned.

The reality of course was simply that since the taxes on everyone had been decreased so had the amount of any overpayment of whatever taxes were due at the end of the year. So naturally, and reasonably with less overall taxes having been taken out throughout the year there was similarly a smaller amount of over payment of the taxes due and hence the tax refunds as well were smaller than in the past.

Just me, but I'll take a lower tax rate being deducted from my checks all year accompanied by a similar decrease of over payment of my taxes through out the year every time.

The over payment of income taxes through the year is the same as an interest free loan to the government. People that bitch about that interest free loan being smaller than in the past obviously don't understand much about finances or govt (*facepalm*)